- Statement 1 is correct: Wages include salary, allowance, and other monetary components. - Statement 2 is correct: Minimum wages can be notified by appropriate governments (Central or State). - Statement 3 is incorrect: The review/revision interval for minimum wages is a maximum of 5 years, not 10 years. - Statement 4 is incorrect: The employer fixes the wage period (daily, weekly, fortnightly, or monthly).
Which of the following statements are incorrect regarding Code on Wages Bill, 2019 of Government of India? 1. Wages include salary, allowance, or any other component expressed in monetary terms. 2. According to Bill, Minimum wages will be notified by the Central or State governments. 3. The minimum wages will be revised and reviewed by the Central or State governments at an interval of not more than 10 years. 4. The wage period will be fixed by the employees as either daily, weekly, fortnightly, or monthly.
Asked in GPSC Prelims CSP 2 2019 · Topic: The Parliamentary Act (Legislative Procedures (Ordinary, Money, Financial, Constitutional Amendment Bills))
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